Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond

By Aldo Musacchio, Sérgio Giovanetti Lazzarini. 2014

308 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9403da0617a0ffa4dc722e0220a08facbaf9feed

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Citations in the corpus

State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics (2017, background): “Musacchio and Lazzarini (2014) also suggested that institutional development in Brazil significantly affects the role of state ownership in various types of enterprises, and Khanna and Palepu (2000) found that institutional development in Chile reduces the benefits of business group membership.”
State ownership reinvented? Explaining performance differences between state‐owned and private firms (2018, unknown): “In 2013, among the top-100 Fortune Global 500 companies, 25 were state-owned multinational firms, directly owned by the state or indirectly through several state-related investment vehicles (Musacchio & Lazzarini, 2014).”
Governments as owners: State-owned multinational companies (2014, background): “Additionally, some governments maintained majority and minority equity positions in firms through holding companies, state-owned pension funds, development banks, or sovereign wealth funds (SWFs) (Musacchio and Lazzarini, 2014).”
Resource security: Competition for global resources, strategic intent, and governments as owners (2014, background): “Second, future research could examine differences between ownership and control (Musacchio & Lazzarini, 2014).”
Institutional Strategies in Emerging Markets (2015, background): “Nee and Opper (2010) point out that state-owned firms with connections to political elite have been found to perform worse than private firms because they may be forced to maintain higher employment levels (see also, Fan, Wong, & Zhang, 2007; and Shleifer & Vishny, 1994).”
International business responses to institutional voids (2017, background): “…& Brewer, 1994; Ramamurti, 2005), coupling of interests between the state and firms (Child, Rodrigues, & Tse, 2012; Li, Peng, & Macaulay, 2013; Musacchio & Lazzarini, 2014), and formation of partnerships to create and legitimize new standards in emerging markets (Teegen, Doh, & Vachani, 2004).”
What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09 (2015, background): “Moreover, the bank’s equity business became its most profitable business line and helped Brazilian firms finance capital investments during the 1990s, when financial markets were still shallow (Musacchio & Lazzarini, 2014).”
New Varieties of State Capitalism: Strategic and Governance Implications (2015, background): “Consistent with the political view, Musacchio and Lazzarini (2014) argued that residual interference will likely happen when firms with minority state equity have rents that can be exploited by the ruling government (e.g., rents from natural resources or public concessions) and when there is…”
State-owned Enterprises Around the WORLD as Hybrid Organizations (2015, methodology): “This is consistent with the argument that the firm’s objective function should be made clear in theories of the firm (Jensen, 2001; Young, Tsai, Wang, Liu, & Ahlstrom, 2014) and in terms of the various aspects of their governance (Musacchio & Lazzarini, 2014; Young et al., 2008).”